Wedge Corporation has the following capital stock outstanding:
$1 par value common stock,250,000 shares.
8% preferred stock,par $100,5,000 shares,cumulative,with 2 years in arrears.
Cash dividends of $150,000 were declared and paid near the end of the current year.
A.Calculate the dividends paid to the preferred stockholders.
B.Calculate the dividends paid to the common stockholders.

Question

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The Answer of Wedge Corporation has the following capital stock outstanding:
$1 par value common stock,250,000 shares.
8% preferred stock,par $100,5,000 shares,cumulative,with 2 years in arrears.
Cash dividends of $150,000 were declared and paid near the end of the current year.
A.Calculate the dividends paid to the preferred stockholders.
B.Calculate the dividends paid to the common stockholders.

Wedge Corporation Has the Following Capital Stock Outstanding